Economic Cycles in Emerging and Adv - E-book

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Economic Cycles In Emerging And Advanced Countries - ENG

Synchronization, International Spillovers And The Decoupling Hypothesis

Antonio Pesce

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Sinopsis

ISBN:	9783319170855
Formato:	Page Fidelity
Idioma:	Inglés
Editorial:	Springer Nature
Tema:	Negocios y economía
Subtema:	Econometría
Año de publicación:	2015-04-20

â€‹This book contributes to the debate on the decoupling of emerging economies from the advanced economies with a new, empirical investigation approach. Taking counterfactual experiments performed using a time-varying panel VAR model, the authorÂ argues that over the last thirty years,Â emerging economiesÂ have become less vulnerable to shocks spreading from advanced economies. This resilience to external shocks has changed in a non-progressive manner over time, with phases of greater resilience followed by others of lower resilience and vice versa.Â ThisÂ research outlinesÂ its wave-like path and presents newÂ results that contribute to the discussion.

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